Addressing media post the firm's Annual General Meeting, BPCL Chief Managing Director D.Rajkumar said, "There's no communication from the (central) government whatsoever at this point in time to absorb the prices.

Three vessels, including two very large crude oil carriers (VLCC) and one Suezmax, carrying more than 2 million barrels of crude oil, have been waiting to unload the oil for 5 to 12 days, shipping data on Thomson Reuters Eikon showed

Besides the financial aid, mentor support and specific technical assistance in terms of guidance or testing on need-basis will be given by BPCL. Funding will be provided over a period of 36 months in instalments against agreed/accepted milestones.